Owen County Community Foundation
- Assets
- $10.3m
- Revenue
- $921.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Spencer, IN
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 35-1934464
Organization Overview
Owen County Community Foundation is located in Spencer, IN. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Owen County Community Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owen County Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Owen County Community Foundation generated $921.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Owen County Community Foundation has awarded 77 individual grants totaling $1,871,162. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OWEN COUNTY COMMUNITY FOUNDATION IS COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR ALL CITIZENS OF OWEN COUNTY, NOW AND FOR GENERATIONS TO COME. TO BE THE TRUSTWORTHY RESOURCE FOR PHILANTHROPY BY BUILDING A PERMANENT ENDOWMENT, ADDRESSING NEEDS THROUGH GRANTMAKING, AND PROVIDING LEADERSHIP RESOURCES TO SERVE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS: ACHIEVEMENT OF THIS PROGRAM'S PURPOSE PROVIDES SUPPORT FOR ORGANIZATIONS PERFORMING CHARITABLE WORK IN OWEN COUNTY TO HELP MAKE OUR COMMUNITIES BECOME BETTER PLACES TO GROW, WORK AND LIVE AS WELL AS TO HELP THESE GROUPS REMAIN RELEVANT OVER TIME AND RESPONSIVE TO CHANGING CIRCUMSTANCES. SCHOLARSHIP GRANTS TO INDIVIDUALS HELP STUDENTS PURSUE THEIR ACADEMIC GOALS AND HELP RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN OWEN COUNTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Staubach Board Member | Trustee | 1 | $0 |
Barbara Bonness Board Member | Trustee | 1 | $0 |
Brad King Board Member | Trustee | 1 | $0 |
Dale Walker Board Member | Trustee | 1 | $0 |
Grant Minnemeyer Board Member | Trustee | 1 | $0 |
Heather Light Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,188 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $640,195 |
| Total Program Service Revenue | $12,618 |
| Investment income | $492,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$223,182 |
| Net Income from Fundraising Events | -$854 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $572,651 |
| Grants and other assistance to domestic individuals. | $125,847 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,746 |
| Compensation of current officers, directors, key employees. | $23,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,026 |
| Fees for services: Other | $39,225 |
| Advertising and promotion | $37,284 |
| Office expenses | $15,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,202 |
| Travel | $2,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,756 |
| Insurance | $6,445 |
| All other expenses | $0 |
| Total functional expenses | $1,161,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,813 |
| Savings and temporary cash investments | $74,638 |
| Pledges and grants receivable | $35,326 |
| Accounts receivable, net | $306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,391 |
| Investments—publicly traded securities | $9,802,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,805 |
| Total assets | $10,308,031 |
| Accounts payable and accrued expenses | $2,735 |
| Grants payable | $22,898 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $43,473 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $236,254 |
| Total liabilities | $305,360 |
| Net assets without donor restrictions | $740,707 |
| Net assets with donor restrictions | $9,261,964 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,308,031 |
Grants Awarded
Over the last fiscal year, Owen County Community Foundation has awarded $443,750 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CATARACT VOLUNTEER FIRE DEPARTMENT PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,380 |
CROSSROADS RANCH LLC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,300 |
FRANKLIN TOWNSHIP VFD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $7,500 |
GARRARD CHAPEL FOOD PANTRY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,200 |
GOSPORT MUSEUM SOCIETY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $9,524 |
MARK OF DISCIPLESHIP FOOD PANTRY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,700 |